Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 and the political situation in the United States.
1. Bitcoin (BTC): The Battle at $78K
24-hour volatility: BTC experienced a "roller coaster" trading session with a wide range from $74,600 (short-term bottom) to $79,300. This morning (February 3), the opening price was recorded at $78,740.
Quick Analysis: After a sharp drop from the $92K region in mid-January, Bitcoin is showing an attempt to bottom out around the $75K mark. The price rebounding to near $79K this morning indicates strong buying pressure as BTC falls to "discount" levels.
Macroeconomic Pressure: The USD Index (DXY) remains high ($97.62) along with the partial US government shutdown, creating barriers for risky assets to break out strongly.
2. Ethereum (ETH) & Altcoins: Waiting for Leading Signals
Ethereum: Currently trading above $2,310. Compared to its peak above $3,200 last month, ETH has lost approximately 28% of its value. This suggests that the Altcoin group is under more downward pressure than Bitcoin during this downturn.
Cash flow: Some AI and Privacy-related token groups (ZKP) continue to attract attention from whales, however, overall market cash flow remains defensive.
#SachtonyMartket #BTC #ETH #ICP #GT